GasLog Ltd (NYSE:GLOG) announced a quarterly dividend on Thursday, November 1st, Fidelity reports. Stockholders of record on Monday, November 12th will be paid a dividend of 0.15 per share by the shipping company on Wednesday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, November 8th.
GasLog has raised its dividend payment by an average of 3.8% annually over the last three years. GasLog has a payout ratio of 400.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect GasLog to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 52.6%.
Shares of NYSE GLOG opened at $22.22 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.50. The stock has a market cap of $1.80 billion, a PE ratio of 2,231.00 and a beta of 1.01. GasLog has a 52-week low of $15.75 and a 52-week high of $23.14.
GasLog (NYSE:GLOG) last announced its quarterly earnings results on Thursday, November 1st. The shipping company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $158.40 million for the quarter, compared to the consensus estimate of $153.59 million. GasLog had a net margin of 7.57% and a return on equity of 0.32%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. On average, equities research analysts forecast that GasLog will post 0.34 earnings per share for the current fiscal year.
GLOG has been the topic of several recent research reports. Deutsche Bank initiated coverage on shares of GasLog in a research note on Wednesday, October 10th. They issued a “buy” rating and a $27.00 price objective on the stock. Morgan Stanley upgraded shares of GasLog from an “equal weight” rating to a “buy” rating in a research note on Friday, August 24th. Zacks Investment Research cut shares of GasLog from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine upgraded shares of GasLog from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Finally, JPMorgan Chase & Co. upgraded shares of GasLog from an “underweight” rating to a “neutral” rating and set a $20.00 price objective on the stock in a research note on Friday, November 2nd. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.28.
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GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.
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